NBT Bank N A NY Raises Stake in ProShares Bitcoin ETF (NYSEARCA:BITO)

NBT Bank N A NY increased its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 1,090.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,190 shares of the company’s stock after buying an additional 1,090 shares during the period. NBT Bank N A NY’s holdings in ProShares Bitcoin ETF were worth $27,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of ProShares Bitcoin ETF by 2,930.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,179 shares of the company’s stock worth $483,000 after buying an additional 24,348 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of ProShares Bitcoin ETF by 4.0% in the 4th quarter. Brookstone Capital Management now owns 13,489 shares of the company’s stock worth $307,000 after buying an additional 517 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of ProShares Bitcoin ETF by 10.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 21,470 shares of the company’s stock worth $412,000 after buying an additional 2,000 shares during the last quarter. Realta Investment Advisors boosted its holdings in shares of ProShares Bitcoin ETF by 898.4% in the 4th quarter. Realta Investment Advisors now owns 102,439 shares of the company’s stock worth $2,459,000 after buying an additional 92,179 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of ProShares Bitcoin ETF by 54.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,829 shares of the company’s stock worth $285,000 after buying an additional 5,206 shares during the last quarter.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA:BITO opened at $18.49 on Wednesday. The company’s 50-day moving average is $22.65 and its 200 day moving average is $21.73. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $33.79.

ProShares Bitcoin ETF Profile

The ProShares Bitcoin Strategy ETF (BITO) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of front-month CME bitcoin futures. BITO was launched on Oct 18, 2021 and is managed by ProShares.